Form your entity online at: http://eprospera.com/
Forming a new entity or registering an existing entity in Próspera is simple process that can be completed in less than a day. Below are the steps required to form an entity:
Prerequisites
To create an entity in Próspera you must first be an (e)Resident or Resident. Alternatively, you can hire a legal representative with residency to form an entity on your behalf. See: Legal Service Providers
Choose Residency for the Entity
Similar to residency for individuals, residency for entities provides your business access to use the Próspera Governance Platform (like a subscription). There are two types of residency for legal entities:
Note: The strongest case for regulatory and tax jurisdiction in Próspera is made if you set up a Resident legal entity, not an (e)Resident legal entity, because only the former can operate year round inside the Próspera ZEDE.
(e)Residency - $130/year
Physical access to Prospera ZEDE for 30 calendar days per 12 month term
Rent and/or own real estate in Prospera ZEDE
Optional liability insurance
Residency - $130/year
Year-round physical access to Próspera ZEDE
Legal stability guarantee
Rent and/or own real estate in Próspera ZEDE
Mandatory liability insurance ($260/year)
Complete Entity Details
Choose between:
New entity registration ($150)
Foreign existing entity registration ($50)
Name your entity and confirm principal office address
Select a registered agent (ranges from $99-$250/year)
A Registered Agent is required in Próspera and provides your entity with a physical address in the jurisdiction, accepts legal mail proceedings on your behalf, and helps you maintain effective corporate compliance.
Describe entity activity
This includes your industry and regulatory election, if applicable.
A disclosure of any hazardous activity the business may participate in.
Sign Agreement of Coexistence (Residency Agreement)
Complete Payment and Submit for Approval
Total Cost Breakdown
The total cost of creating an entity varies on several factors including registering a foreign entity vs a new entity, residency type, and registered agent fee. Here's a breakdown:
Entity Registration (only one)
New entity - $150
Existing foreign entity registration - $50
Entity Residency (only one)
eResidency - $130/year
Residency - $130/year
Registered Agent/Office Services - $99/year - $250/year
Liability Insurance (*for Full-Time Resident Entities only) - $260/year
Regulated Industry Insurance (for regulated industries only) - determined by projects and risk scoring/year
Annual Report - $100/year, starting 1 year after creation
The total cost can be as low as $279 and as high as $790+.
Looking to open a bank account? See: Open a Towerbank Account